EXCLUSIVE: COLOMBIA: VAT policy breaching GATT agreement must change says EU
Colombia must change its VAT policies on vehicles because of flagrant violation of Article III.2 of the 1994 GATT agreement, the European Commission says. This, writes Juan Carlos Vargas, is one of the conclusions of a report prepared by the European Commission, whose investigation into the Colombian car market showed that the country discriminates against fully imported cars with engine sizes up to 1,400 cc in favour of locally produced or assembled models.
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